Soilbuild Construction Group Posts S$391.8m in Revenue, Up 58% From FY 2023
Soilbuild Construction Group's revenue increased by 58% to S$391.8 million in its full year 2024 earnings, driven by higher margins. The company's net income rose 263% to S$26.6 million, with a profit margin of 6.8%, up from 3.0% in FY 2023. This significant improvement was largely due to the increase in revenue.
- The impressive revenue growth suggests that Soilbuild Construction Group is well-positioned to capitalize on the increasing demand for construction services in Singapore and beyond.
- What role do you think the company's expansion plans into new markets will play in sustaining its growth trajectory, and how might they impact its bottom line?